Accounts Receivable and Inventories (Tables)

3 Months Ended

Mar. 31, 2017

Accounts receivable consist of the following:



(In thousands)	March 31 2017			December 31 2016
Trade accounts receivable	$	279,800		$	248,354
Less: Allowance for doubtful accounts	(11,801		)	(11,800		)
Trade accounts receivable, net	$	267,999		$	236,554

Other receivables (a)	$	21,192		$	21,053

(a) Other receivables include insurance claim receivables, employee receivables, tax claim receivables and other miscellaneous receivables not included in Trade accounts receivable, net.

Schedule of provision for doubtful accounts related to trade accounts receivable

The provision (benefit) for doubtful accounts related to trade accounts receivable was as follows:



	Three Months Ended
	March 31
(In thousands)	2017			2016
Provision (benefit) for doubtful accounts related to trade accounts receivable	$	(22	)	$	(146	)

Schedule of inventories

Inventories consist of the following:



(In thousands)	March 31 2017		December 31 2016
Finished goods	$	23,175	$	26,464
Work-in-process	18,172		22,815
Contracts-in-process	65,693		54,044
Raw materials and purchased parts	58,987		61,450
Stores and supplies	24,404		22,908
Total inventories	$	190,431	$	187,681

Schedule of contracts-in-process

Contracts-in-process consist of the following:



(In thousands)	March 31 2017			December 31 2016
Contract costs accumulated to date	$	98,240		$	90,276
Estimated forward loss provisions for contracts-in-process (b)	(32,547		)	(36,232		)
Contracts-in-process (c)	$	65,693		$	54,044


(b)	To the extent that the estimated forward loss provision exceeds accumulated contract costs it is included in the caption Other current liabilities on the Condensed Consolidated Balance Sheets. At March 31, 2017 and December 31, 2016 this amount totaled $6.8 million and $6.7 million, respectively.

(c) At March 31, 2017 and December 31, 2016, the Company has $102.5 million and $101.1 million, respectively, of customer advances related to contracts-in-process. These amounts are included in the caption Advances on contracts and other customer advances on the Condensed Consolidated Balance Sheets.